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JUA |
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By the late 1980s, the growing and under-funded JUA faced demands for some form of depopulation, but that meant imposition of a take-all-comers mandate and severe restrictions on market withdrawals to assure that a voluntary market would be available to handle the new business. The merger was planned for July 1, but it was delayed to allow time for the financial arrangements to be transferred from the JUA and windpool to Citizens, said Tami Torres, spokeswoman for the department. In addition, the claims paying resources and assessments of the former FWUA and JUA are preserved by account, with a separate high-risk account established and maintained for policies in former FWUA eligible areas, and two other separate accounts for former JUA policies, one for personal lines and one for commercial lines. |
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